Zerodha vs Upstox
Zerodha vs Upstox

Zerodha vs Upstox (Rksv) Comparison Review

In this article, we will discuss two of the most widely known names in the Indian Brokerage houses, namely Zerodha Vs Upstox. These are two of the biggest discount broking firms in the country, with a considerable time to market as well as popularity among the Indian Investors. 

This comparison is solely based on an informative level and limited to discussion only. The comparison is aimed at those who are new to the market so that they get to know what to look forward to in a discount brokerage firm.

So let us first take a brief tour through who they are and what they do.

Who are we comparing?

The two firms we are going to compare here are two of the best discount brokers in India. Naturally, we will compare the best in the market. Well, Zerodha and Upstox, both fall under that category. So, without further ado, let us begin our comparison.

However, before we go into the comparison, I feel, I must introduce you to these two firms.

Zerodha:

It is one of India’s leading discount brokerage firms based in Bangalore. Founded in 2010, these discount brokerage firm deals in various trading options like Equity Trading, commodity Trading, Derivative Trading, and many such services.

They have been in the market for over a decade now. With a vast client base in and outside of India, they are no doubt one of the best in this business.

They know what it means to be a discount broker in the 21st century, and as such offer their clients a number of online trading platforms for the ease of work. They won the award of “India’s best retail brokerage for 2018” and were awarded by NSE.

More Info: Zerodha Stock broker

Upstox (Rksv)

Earlier known as Upstox(RKSV) Securities, this Mumbai based discount brokerage firm is also one of the best discount brokerage firms in the country. 

With their low brokerage costs and high margins, they are not very far off from being the best in the country. Not to mention their generous trading platforms, those are really keeping in turn with today’s world.

Like Zerodha, they also deal in Equity, Commodity, Currency and Derivatives Trading and as such have been doing so quite well.

They also have a large client base including strong backing from some of the eminent names in the Indian share market. They have been in the stockbroking business for around 8 years since their foundation in 2011.

More Info: Upstox Stock broker

Zerodha vs Upstox: A full comparison

Whenever you compare between two discount brokerage firms, you must always keep in mind about the following aspects upon which one must enquire to find out a complete comparison:

  • Services/Products;
  • Account Opening Charges & AMC;
  • Demat Accounts;
  • Brokerage Plans;
  • Brokerage Costs;
  • Transaction Charges, Taxes & other charges;
  • Exposure or Margin (Leverage);
  • Features;
  • Fund Add/Withdrawal Options;
  • Market Research & Advisory;
  • Trade Orders;
  • Trading Platforms;
  • Trade Support & Tools;
  • Investors Category;
  • Charting;
  • Customer Support;
  • Customer Complaints and lastly
  • Pros & Cons of the firms.

We are going to look into each and every aspect one-by-one and come out with a thorough comparison. However, I would like to start off a bit differently.

Zerodha or Upstox Which is Better 

Zerodha vs Upstox  broker
Zerodha vs Upstox broker

Here we will take a quick look at the various information regarding the companies themselves and not about their features, products and so on. Those will follow one after the other.

Particulars Zerodha Upstox
Company Type Private Private
Established in 20102011; started as RKSV
Headquarters Bangalore, IndiaMumbai, India
Founder(s) Nithin Kamath Raghu Kumar, Ravi Kumar, Shrinivas Viswanath
Type of Broker Discount Broker Discount Broker
No. of branches 22 branch & 90+ partner offices Pan India 2 branch & 12 partner offices Pan India
Supported Exchanges NSE, BSE, MCX & MCX-SX NSE, BSE, MCX
Website URLzerodha.comupstox.com
Active Client Base 8,00,000+ 1,00,000+

Zerodha Vs Upstox Services & Products

Both Zerodha or Upstox offer services like Stock or Equity Trading, Commodities Trading, Currency & Derivative Trading. They offer equity and equity derivatives on both exchanges namely NSE & BSE, whereas Commodities are offered by both on MCX. They both offer online Mutual Fund investment and Exchange-Traded Funds or ETFs options. 

Investment Options Zerodha Upstox
Stock/Equity Trading Available Stock/Equity Trading Available
Commodity Trading Available Commodity Trading Available
Currency & Derivatives Available Available
Online IPO Application Not Available Not Available
Mutual Funds Available Available
Bond/NCD Available Not Available
Debt Not Available Not Available
ETF Available Available
Banking Not Available Not Available
Insurance Not Available Not Available
Forex Trading Not Available Not Available
Equity SIP Investment Not Available Not Available
MF SIP Investment Available Not Available
PMS Not Available Not Available

Zerodha vs Upstox charges

Account Opening Charges: Zerodha vs Upstox

Upstox or Zerodha offer Trading and Demat accounts to their clients. Account opening charges are quite affordable starting from Rs. 150 to Rs. 300. They do charge low AMC on their Demat accounts.

Both the firms have CDSL as their depository source and they both offer DP services.

Particulars Zerodha Upstox
Trading Account Opening Charges Rs. 200 Rs.150 (Equity+F&O)
Demat Account Opening Rs. 100 Rs. 150
Trading AMC Free Free
Demat AMC Rs. 300 Per Year Rs. 150 Per Year
Commodity Account Opening Charges Rs. 200 One Time Rs. 150 One Time
DP Services Available Available
Depository Source CDSL CDSL
Online Account OpeningYesYes
Offline Account OpeningYesYes

Currently, Upstox Demat account opening free

In case, when opening a Zrodha Demat account only in equity, there is a charge of Rs. 300. Similarly, if you open an account in equity + currency, then only 300 is charged. But if you open a Demat account in equity + commodity + currency, then there is a charge of ₹ 500.

Zerodha vs Upstox Brokerage Charges

The various segments Brokerage Charge we are going to compare here is Equity Delivery, Equity Intraday, Equity Futures, Equity Options, Currency Futures, Currency Options, and Commodities Trading.

Brokerage Comparision List

SegmentZerodhaUpstox
Equity Delivery Free Free
Equity Intraday Rs. 20 per executed trade or 0.01%; whichever is lowerRs. 20 per executed trade
Equity Futures Rs. 20 per executed trade or 0.01%; whichever is lowerRs. 20 per executed trade
Equity Options Rs. 20 per lot Rs. 20 per lot
Currency Futures Rs. 20 per executed trade or 0.01%; whichever is lower Rs. 20 per executed trade
Currency Options Rs. 20 per lot Rs. 20 per lot
Commodities Futures Rs. 20 per executed trade or 0.01%; whichever is lower Rs. 20 per executed trade
Commodities Options Rs. 20 per lot Rs. 20 per lot

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Zerodha VS Astha Brokerage  Upstox VS Icici Direct Brokerage
Zerodha VS Trading bell Brokerage  Upstox VS Fyers Brokerage

Zerodha vs Upstox margin / Exposure/ Leverage

You may have heard the word leverage in connection with the real estate market. However, you will also find it here in the stock market. Here it is known as Margin money where an investor would borrow capital to invest in more stocks. This can sometimes increase the returns on your investments. There remains a risk involved.

There are various margins depending on the trade segments.

Particulars Zerodha Plan 1
Upstox Basic
Plan 2
Upstox Priority
Equity DeliveryNo Margin Upto 2.5x Upto 2.5x
Equity Intraday Upto 20x Upto 25x Upto 30x
Equity Futures Upto 2.5x Upto 4x Upto 9x
Equity Options Upto 3x (only selling) Upto 4x (only selling)Upto7x (only selling)
Currency Futures Upto 2.5x Upto 4x Upto 9x
Currency Options Upto 2.5x Upto 4x Upto 7x
Commodities Trading Upto 2.5x Upto 4x Upto 9x

Zerodha Vs Upstox Multiple Plans 

We are going to compare the various Brokerage & Margin Plans and Charges for these two firms. Zerodha has only one Brokerage Plan whereas Upstox has two plans: Upstox Basic & Upstox Priority. None of these firms have a monthly or yearly subscription plans.

Plans

Particulars Zerodha Upstox
Multiple Plans Not Available Basic & Priority
Monthly Plans Not Available Not Available
Yearly Plans Not Available Not Available

Brokerage Charges Plans

Particulars Zerodha Upstox Basic Upstox Priority
Equity Delivery Free Free Free
Equity Intraday Rs. 20 or 0.01% Rs. 20 per executed trade Rs. 30 per executed trade
Equity Futures Rs. 20 or 0.01% Rs. 20 per executed trade Rs. 30 per executed trade
Equity Options Rs. 20 per lot Rs. 20 per lot Rs. 30 per lot
Currency Futures Rs. 20 or 0.01% Rs. 20 per executed trade Rs. 30 per executed trade
Currency Options Rs. 20 per lot Rs. 20 per lot Rs. 30 per lot
Commodities Futures Rs. 20 or 0.01% Rs. 20 per executed trade Rs. 30 per executed trade
Commodities Options Rs. 20 per lot Rs. 20 per lot Rs. 30 per lot

Upstox Vs Zerodha Transaction Charges

You get to see different trading transaction charges in different brokers, in the same way, Zerodha and Upstox also have their respective transaction charges. Zerodha levies about 0.00325% on buy and sell on equity delivery whereas 0.0019% on equity future only on sell. 

These rates or percentages are defined and regulated by the various stock exchanges the firm or firms are associated with like NSE, BSE, MCX, etc. However, there is no strict limit on these rates; firms can manipulate these rates but only within a specified limit. For example, the BSE rate for equity delivery with Zerodha is 0.003% whereas the same for Upstox is 0.002%.

Particulars Zerodha Upstox
Equity DeliveryNSE: 0.00325%
BSE: 0.003%
(on buy & sell)
NSE: 0.00325%
BSE: 0.01%
Equity IntradayNSE: 0.00325%
BSE: 0.003%
(on sell only)
NSE: 0.00325%
BSE: 0.002%

Equity FuturesNSE: 0.0019%
BSE: 0.003%
(on sell only)
NSE: 0.0019%
Equity OptionsNSE: 0.05%
BSE: 0.003% (on premium)
NSE: 0.05%
BSE: 0.002% (on premium)
Currency FuturesNSE: 0.00135%
BSE: 0.00022%
NSE: 0.0011%
Currency OptionsNSE: 0.044%
BSE: 0.001% (on premium
NSE: 0.06%
BSE: 0.04% (on premium)
Commodities TradingNon-Agri: 0.0036%
Agri: 0.00275%
MCX: 0.0026%

The figures in the percentages amount to Rs. per Crore, i.e. 0.003% means Rs. 300 per Cr. of transaction done. A simple example can clear out this confusion. Let us say that you have bought 1000 shares of a company A. Now, let us also assume that each share costs around Rs. 950.

This means that the total transaction turnover in purchasing 1000 such shares is = Rs. (950 X 1000)

= Rs. 950000.

Let us take the first segment i.e. Equity Delivery.

In this segment, the NSE rates for both Zerodha and Upstox is 0.00325%.

This means the transaction charge in this case is = Rs. (950000 X 0.00325%)

= Rs. 31.82.

However, for BSE the rates differ like 0.003% for Zerodha and 0.01% for Upstox. Thus the respective transaction charges can be calculated as above to Rs. 28.5 for Zerodha and Rs. 95 for Upstox.

There are various brokerage calculators available for more correct calculations. This is just a rough example to explain how the calculation works generally.

Zerodha Vs Upstox Other Charges

Particulars Zerodha Upstox
Minimum Brokerage NIL NIL
Hidden Charges NIL NIL
Call & Trade Fees Rs. 20 + 18% GST per executed trade Rs. 20 + 18% GST per executed trade
Margin Money RequredNoNo

Taxes and other Government Charges

These are taxes paid to the government by the customer, i.e. investors. Both Zerodha and Upstox have the same margins in these taxes as they have no control over the margin or the ownership of those amounts. These are paid to the Government of India. These include Securities Transaction Tax or STT, SEBI Charges, Goods and Services Tax or GST and Stamp Duty.

Particulars Zerodha Upstox
Securities Transaction Tax (STT) 0.0126% of total turnover 0.0126% of total turnover
SEBI Charges Rs. 15 per Cr. Rs. 15 per Cr.
Goods and Services Tax (GST) 18% on brokerage + transaction charges 18% on brokerage + transaction charges
Stamp Duty As per the Client’s state of correspondence As per the Client’s state of correspondence

Compare Zerodha vs Upstox Customer Rating

ProductZerodha RatingUpstox Rating
Overall Rating ✬✬✬✬✬ 3.1out of 5 ✬✬✬✬✬ 3.1out of 5
Fees ✬✬✬✬✬ 3.1out of 5 ✬✬✬✬✬ 3.1out of 5
Brokerage ✬✬✬✬✬ 3.1out of 5 ✬✬✬✬✬ 3.1out of 5
Usability ✬✬✬✬✬ 3.1out of 5 ✬✬✬✬✬ 3.1out of 5
Customer service ✬✬✬✬✬ 3.1out of 5 ✬✬✬✬✬ 3.1out of 5

Zerodha vs Upstox (Rksv) Research & Advisory

This section is all about the various researches and advisory services provided by the stock broker firms. However, since both Zerodha & Upstox are discount brokers, neither of them provides such services. Still, a table has been given below, pointing out the areas of researches and results from analysis’s provided by the full-service brokers. Among them, only Zerodha provides Equity Reports only.

Particulars Zerodha Upstox
Equity Reports Available Not Available
Mutual Funds Research Not Available Not Available
ETF Reports Not Available Not Available
Market Report Not Available Not Available
Free Tips Not Available Not Available
Company Result Analysis Not Available Not Available
Company Stock Review Not Available Not Available
IPO Reports Not Available Not Available
Quarterly Analysis Not Available Not Available
News Alerts & Notifications Not Available Not Available

Zerodha Vs Upstox Trading Platforms Comparison

These are basically software, used for various trading options like opening and closing of accounts and management of market options and positions. Investors can access them through a financial liaison such as the discount brokers. They often offer their clients with Trading Platforms. While some offers for free, others charge a nominal discounted rate and in return, they maintain a funded account along with executing a certain number of trades per month.

Both Zerodha and Upstox offer free Trading Platforms, which makes them stand out from the rest of the discount brokers in the country. In spite of free accounts, both firms offer various features in their platforms like real-time updates, portfolio details, research reports, live market reports and many more. While they both offer various demo platforms on desktops, mobiles and tablets, neither of them offers MAC platforms. However, their mobile and tablet apps are for both Android and iOS users.

Platforms Details Zerodha Upstox
Desktop Browser Platforms Available Available
Desktop Platforms Details Zerodha PI DartStock/ Nest Trading/ Fox Trading
Demo PlatformNot Available Available
Windows Platforms Available( Pi Software, Nest Trader ) Available ( Nest Trader )
MAC Platforms Not Available Not Available
Web Trading Platforms Available ( Kite web) Available ( Upstox Pro web)
Web Platform URL kite.zerodha.com pro.upstox.com
Web Trading Demo Not Available Available
Mobile Site kite.zerodha.com pro.upstox.com
Mobile Trading Demo Not Available Available
Mobile Trading App Available (kite app) Available (Upstox pro app)
Android App Available Available
iOS App Available Available
Android Tablet Available Available
iPad APP Available Available

Zerodha Vs Upstox Platform Features

FeaturesZerodhaUpstox
Charges Free Free
Real-time Updates Available (Kite app) Available (upstox pro app)
Portfolio Details Available (Zerodha Consol) Available ( upstox keystone)
Online MF Buying Available (Zerodha Coin) Available
Research Reports Available ( ResearchReports+ ) Available
Easy Installations Available Available
Global Indices Available Available
Live Markets Available Available
SMS/Email Alerts Available Available
Multiple Account Management Available Available

Account Opening Request Contact Broker

zerodha demat

Zerodha Request A Call Back

Upstox demat offer

Upstox Request A Call Back(Free Demat)

Zerodha Vs Upstox Trade Orders

The different types of Orders, which are placed on the trading exchanges for obtaining various financial assets like stocks and futures contracts, are called Trade Orders. The trading mechanism works in an order-driven style which means it matches a buyer’s and a seller’s order criteria. A trade is executed only when the buyer’s purchase price matches the seller’s selling price.

There are various order types such as:

1.  Cover Order (CO)

⇒ Allows you to trade in equity and index derivatives;

⇒ The broker gives an additional margin;

⇒ Both Zerodha & Upstox offer CO.

2.  Bracket Order (BO)

⇒ Allows you to trade in equity and index derivatives;

⇒ You get a higher margin by limiting your losses;

⇒ Both Zerodha & Upstox offer CO.

3.  After Market Order (AMO)

⇒ Sent to exchange on the next trading day;

⇒ Both Zerodha & Upstox offer CO.

4.  Good Till Cancelled Order (GTC)

⇒     Only Zerodha offers GTC Orders.

There are various other Order Types such as Cash N Carry or CNC Order, Margin Intraday Square or MIS Order, Normal Order (NMRL), BTST and STBT orders, etc. both firms provide these Order Types.

Order TypeZerodhaUpstox
Cash N Carry (CNC) Order✔️ ✔️
Margin Intraday Square (MIS) Order✔️ ✔️
Normal (NMRL) Order✔️ ✔️
Cover Order (CO) Available ✔️ Available ✔️
Bracket Order (BO) Available✔️ Available ✔️
After Market Order (AMO)✔️ ✔️
Stop Loss(SL) ✔️ ✔️
Stop Loss market(SLM) ✔️ ✔️
Buy Today Sell Tomorrow (BTST) ✔️✔️
Sell Today Buy Tomorrow (STBT)✔️ ✔️
Good Till Cancelled (GTC) Order ✔️ Not Available

Zerodha Vs Upstox Charting Comparison

Charting refers to the process of analysing and forecasting the stock market and commodity prices in the market and current trends.

Both Zerodha and Upstox offer charting but in a limited approach. Look out to the table below for more details.

Particulars Zerodha Upstox
Intraday or Day Chart Available (Trade View) Available
End of Day or Daily Chart Available Available
Coding and/or Backtesting Not Available Not Available

Zerodha vs Upstox Brokerage Calculator

There are Brokerage and SPAN Margin Calculators available for both Zerodha and Upstox.

Brokerage Calculator Available Available
SPAN Margin Calculator Available Available

Zerodha and Upstox Feature

Now many of you might be unclear about what a Demat Account is and what its benefits are. Before we move on to comparing the Demat Account services of these firms, I’d like to address the questions mentioned above.

Well, the word Demat comes from the word dematerialized. A Demat account is used to hold shares, government securities ETFs, bonds, mutual funds, etc. all in one place. These shares are brought and converted from their physical form to an electronic form which is then held in these account(s). This makes online trading very easy.

In India, free Demat Account services are provided by the depositories namely, NSDL, CSDL, etc. They are provided via the intermediaries, i.e. discount brokers like Zerodha, Upstox and many others in this business.

There are various benefits you can get from a Demat Account:

  • It makes share transfer between investors very easy;
  • You can use the shares in your Demat account as collateral while securing various loan schemes from the bank
  • It is very easy to convert your physical shares into electronic forms and vice-versa;
  • Issuing a DIS to the depository can be smoothly executed via a Demat Account.

As we saw earlier, the account opening charges for a Demat Account with Zerodha is slightly more than that with Upstox. Zerodha charges Rs. 300 while Upstox charges Rs. 100 for the same.

The AMC for a Demat account with Zerodha will cost you Rs. 300 annually whereas the same would cost Rs 150 per annum with Upstox. Both Zerodha and Upstox provide DP or Depository Participant services with the CSDL Depository. The DP ID of Zerodha is 81600 whereas that of Upstox is 81800.

Other than that there are various other charges like Demat & Remat charges, transaction charges on Debit per ISIN, Pledge creation and closure charges, Pledge creation and closure confirmation charges, Pledge Invocation charges and failed instruction charges.

Zerodha Vs Upstox Branches/Office

Customer Service

BranchesZerodhaUpstox
Mumbai, Maharashtra address3rd Floor B Wing Vasudev Chambers, Opp. Wilson Pen Company, Old Nagardas Road Andheri East Mumbai 40006930th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar West, Mumbai 400013
Bengaluru, Karnataka addressZerodha, #153/154, 4th Cross, J.P Nagar 4th Phase, Opp. Clarence Public School, Bengaluru – 560078Shushruti Nagar, Byraveshwara Industrial Estate, Bengaluru, Karnataka 560091
Ahmedabad, Gujarat addressPalladium Business Hub, 520 5th Floor, Opp 4D Mall Motera, Ahmedabad 380005403, 4th floor, Aeon complex, Nr. Vijay Cross road, Navrangpura, Ahmedabad, 380009
Jaipur, Rajasthan address5F-26 5th Floor, Mahima Trinity Mall Swage Farm, New Sanganer Road, Jaipur 302019G-10, Champawat Market, Haldio Ka Rasta, Johri Bazar, Jaipur, 302003

Zerodha Vs Upstox Pros & Cons

In thi9s section, we are going to make a list of the pros and cons of both the firms in a comparative perspective.

Particulars Zerodha Upstox
Advantages💚 Excellent trading platforms available for free;
💚 Free equity delivery trades and no brokerage charges on CNC Orders;
💚 Discounted brokerage charges for intraday, equity and currency derivatives as Rs. 20 or 0.01%, whichever is lower;
💚 Easy account opening procedures without much hassle;
💚 Direct mutual funds investments are available.
💚 Free equity delivery trades and no brokerage charges on CNC Orders;
Advanced trade orders like AMO, CO, BO are available;
💚 Free trading platforms for all devices including desktops, mobiles and tablets;
💚 Higher leverage available under different brokerage plans;
💚 Discounted brokerage charges for intraday, equity and currency derivatives as Rs. 20 or 0.01%, whichever is lower.
Disadvantages❤️️ Extra charge on call and trade of Rs. 20 per call;
❤️️ No stock advisory, research report and investment tips are available;
❤️️ Investing options in IPO, NCD & Bonds are not available;
❤️️ Margin funding is not possible;
❤️️ 3-in-1 trading account is not available.
❤️️ No stock advisory, research report and investment tips are available;
❤️️ Investing options in IPO, NCD & Bonds are not available;
❤️️ Extra charge on call and trade of Rs. 20 per call;
❤️️ Additional fee for square off provided by broker;
❤️️ NRI Trading and Demat accounts are not provided.

Zerodha Vs Upstox Customer Complaints

This is the last point of comparison that we are going to keep.

Exchange Zerodha Upstox
Complaints Lodged (BSE) 110 180
Complaints Lodged (NSE) 86 165
Complaints Resolved (BSE) 116 125
Complaints Resolved (NSE) 84 138

Zerodha vs Upstox Gernal Quora FAQ

Frequently asked questions

Q  Which is better Zerodha vs. Upstox?

Both Zerodha and Upstox are two of the leading discount brokers in India. Both the firms have unique offerings, like free Trading account AMCs, a maximum of Rs. 20 brokerage charges and many such similar offers. However, while you have gone through the detailed comparison above you may have noticed some dissimilarities in their services, platforms, charges, advisory services, etc
While Zerodha costs are more for opening a trading account, Upstox has lower charges. Similarly, Zerodha offers few more services then Upstox. Ultimately the choice is yours; being two of the flagships in their genre of business, both are equally capable and trustworthy options.

Q  Is RKSV and Upstox same?

RSKV is the erstwhile name of Upstox. Founded in 2009, the firm changed its name to Upstox in 2016. The firm was founded by Raghu and Ravi Kumar and Shrinivas Viswanath. Through various re-modeling plans and reforms in a span of 10 years, they have grown into one of the best discount stock broker in India. They offer various trade segments with state of the art trading platforms and a maximum of Rs. 20 brokerage charges. They have many other cool and unique features that you can find in this brokerage comparison guide.

Q  How is Upstox/RKSV different from Zerodha?

Both Upstox and Zerodha are discount brokerage firms and two of the best ones in the country for that matter. However, they have some minor differences in their products and offerings. Other than that they are almost alike in their service structures. The administrative structure, however, is out of the scope of this article.
One major difference is the brokerage plans. While Zerodha has only one, Upstox has a multiple brokerage plan feature, namely Upstox Basic and Pro. The charges vary marginally.

Q  How good is RKSV as compared to Zerodha?

In comparison to Zerodha, Upstox does have some rather unique features like the multiple brokerage plan feature which can satisfy clients of different budgets. Trading platforms from Upstox are more technically advanced in comparison to Zerodha’s. Another cool feature is Upstox’s margin or leverage; this is obviously more impressive than Zerodha.
Having said so, it should be kept in mind that both of them have some features that are unique to them. So, you cannot definitely say one is better than the other.

Q  What is MTM in Upstox?

MTM or Mark to Market is a metric in the share market. It measures the “fair value” of any account you hold over time. Account here refers to your assets and liabilities. MTM provides a realistic evaluation of your current economic or financial situation. Let us take an example to understand better how it is calculated:
Assume the available cash margin to be Rs. 20,000 in F&O stock. With Upstox a trader will get a 5x leverage.
Total exposure becomes Rs. 100,000.
Again assume that he/she buys 100 shares at Rs. 1000 and sells all 100 of them at Rs.900.
Thus, loss incurred = [100 shares X Rs. (1000-900 = 100)] = Rs. 10,000.
In comparison to his actual share, his/her MTM has now reached 50% = (20,000 – 10,000)/20,000 = 50%.
Now, with every additional loss of 10% Upstox will issue warning notifications to the trader and at 80% MTM, the trader will need to deposit more funds in his/her account. If failed to do so, Upstox will revert to squaring off positions.

Q  How do I change my bank account on Upstox?

Follow the steps mentioned below:
. Download/Print the application for changing bank accounts;
. Select either “Change Primary Bank Account” or “Add Secondary Bank Account” for changing trading accounts, whereas for Demat accounts go to “Demat modification”;
. You need to submit a canceled cheque with your name, account number, IFSC code, and MICR of the bank account you wish to change to;
As you can see the process is very easy to follow. However, you need to keep in mind the last point; your credentials should be impeccable.

Q  How can I close my Zerodha account?

The first and foremost thing you should keep in mind that you cannot have any debit in your account before you close the account. Another thing to consider is that there are no securities in your Demat account.
Having said that, let us see how you can close your Zerodha account. All you need to do is to download the closure form, select the Close Account option, fill out the form and send it to the head offices of the firm.
You can also use an e-sign, i.e. digitally sign the document after filling it up online and submit it.  It will be processed within 5 to 7 days.

Q  How can I change my phone number in Upstox?

All you need is to download the KYC form from their website, fill it out and mail it at their address. You can find all the details here. You can do the whole thing on the internet as well. You can download the form from this link.
For your Demat account closing, you can do the same thing. Try looking under the drop-down menu Download Forms. With their recent updates, you can do the whole thing from their website.

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